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Business succession and SMEs paper

Published on 18 May 10 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This paper covers:

  • why don't owners plan?
  • following a structured approach
  • assess strategic and wealth enhancement opportunities
  • design, develop and implement a succession plan
  • review and monitor
  • succession planning step-by-step
  • taking action is the most important first step
  • taxation issues.

Author profiles

Scott Treatt CTA
Photo of author, Scott TREATT Scott Treatt, CTA, CEO, The Tax Institute Scott brings a wealth of experience in tax practice, tax administration, and leadership to the role of Chief Executive Officer of The Tax Institute. Scott’s career as a Chartered Tax Advisor has spanned large and mid-tier professional firms and Government in technical and leadership roles. A dedicated member of The Tax Institute for over 20 years, Scott has contributed significantly to the knowledge of members and the betterment of Australia's taxation and superannuation system overall. Scott was previously the General Manager, Tax Policy and Advocacy, at The Tax Institute, leading its tax technical team for three years. During this time, he proactively enhanced the team’s capabilities, orchestrated a successful overhaul of the various committees and councils to improve the representation of our members, built strong relationships with key stakeholders across the industry, academia, and all levels of Government, and drove the Institute’s growing influence in policy and advocacy circles. He is a passionate advocate for holistic tax policy reform and is a visionary business leader known for his forward-thinking approach. A commitment to strategic cross-team collaboration, good governance, a strong dedication to member empowerment and development, and an unwavering pursuit of excellence in every aspect of the business characterises Scott’s leadership style. Under Scott’s guidance, The Tax Institute is poised to provide employees and members with clear guidance, adeptly turning challenges into opportunities and catalysing sustainable growth. - Current at 18 October 2023
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William Shew CTA
Bill joined Grant Thornton in October 2004 after having run his own successful Business Advisory practice. Prior to this he was a partner in a Chartered Accounting firm. Bill now heads the Privately Held Business Services Team and in this capacity sits on a number of National Committees. Bill has 20 years’ experience in the profession. - Current at 06 January 2012
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This was presented at 3rd Annual Tax Forum .

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Individual sessions


Budget review - Setting the scene for the future

Author(s):  Matt HAYES,  Tony MULVENEY

Materials from this session:

Structuring a professional practice

Author(s):  Greg HAYES

Materials from this session:


Update on deductibility under section 8.1

Author(s):  Mark FRIEZER

Materials from this session:












Role of accounting standards in TOFA

Author(s):  Tracey RENS

Materials from this session:





Implementing TOFA in a large corporation

Author(s):  Mark BRADFORD,  Gavin MARJORAM

Materials from this session:





Tax administration without borders

Author(s):  Howard ADAMS,  Glenn WILLIAMS

Materials from this session:





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